The project charter is an important part of the project planning used throughout the project lifecycle. To create an effective project charter, we need to outline three main aspects of a project:
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In Project Management, the Project Charter is a formal document that includes short documentation before starting project planning activities. Typically, Project Charter templates highlight the scope, objectives, and stakeholders participating in the project. Hence, the project charter is more like a guiding document that outlines the essence of project planning, development, and management lifecycle.
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Given Project Charter highlights the project’s scope, objectives, and milestones, it is essential to any project. In specific,
The main purpose of the project charter, a legal document, is to authorise the project. Without a project charter, the project can be canceled anytime and for any reason and can be subject to an audit as an unauthorized project. If there is no project charter, projects will have no direction, the Project Managers will lack authority and there will be no expectations for the projects undertaken.
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